Binance: The End of BUSD

12 Sept 2023

Hello there,how are you??
In this small article,I want to share with you an announcement from Binance that I noticed these days and may will find it helpful!!

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Binance has announced that it will end support for BUSD stablecoin.
The move comes after Paxos was ordered to stop minting the coin.
Binance will continue to support multiple stablecoins and digital assets on its platform. Users are encouraged to convert their BUSD assets into other available assets on Binance prior to February 2024.
Users can manually convert their BUSD balances to FDUSD at a 1:1 ratio using Binance Convert until further notice. Please note that the 1:1 conversion rate is only applicable for converting BUSD to FDUSD, and not the other way around.

The article :

Check the article and you can find more details and the exact days for Spot and Margin,deposits and withdrawals,earn,loans etc..
The article of the announcement was published at 2023-08-31..

In my case,I have already converted all my BUSD..Make your research and choose in what stablecoin you will convert them..You have plenty of options like the famous USDC,USDT..Also FDUSD,TUSD and more..
Check here,it may help you!!

If you haven't an account yet,this my link :

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Do your own research!! I am not a financial advisor!! It's only my opinion!

Thanks for reading!

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It's always interesting to see how the cryptocurrency market evolves, and changes like these can spark conversations and new opportunities. As digital currencies continue to adapt and innovate, it's crucial for investors to stay informed and make decisions that align with their goals and strategies. The crypto world is full of surprises, and it will be fascinating to watch how the future unfolds for coins like BUSD.
Take Binance off BUSD and it will prosper
BUSD stoping it operations goes to shows that stablecoin is a flawed asset class
No surprises here all things considered. "Stablecoins" sure do look like shitcoins sometimes.
BUSD has a centralised element to it that I don't like
Thinking that stablecoins are a security is a mistake in my opinion.
I Loved Busd, i?m sorry for that